Aphria, Tilray merger creates the world’s biggest cannabis company

Tilray shares are up more than 24 per cent after the deal.

As cannabis growth accelerates in North America, so has consolidation. While Canadian firms had an initial advantage given pot’s legal status there, their US peers have recently gotten a boost as states move steadily toward legalising recreational use. The incoming administration of President-Elect Joe Biden is also seen as improving the likelihood that the US will legalise on the federal level and give US companies that already operate in multiple states a larger market

Aphria, Tilray merger creates the world’s biggest cannabis company

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.